Down 4,501 on the month.
music selection: “Dying Slowly” — Saint Asonia
Wells Fargo (taxable): This finished the month up 13 dollars at 23,224. The gain is 0.06% on the month and 9.55% gain year to date. This account also produces $137 in monthly distributions, which sweep to my checking. I’ll be looking for more Closed End Funds to buy in that account as funds are available.
Interactive Brokers (taxable): This is up 4,180 on the month to 184,794 which is good for a 2.31% monthly gain. Year to date, I am up here by 3.66%.
Interactive Brokers (tIRA): This account is down 10,467 on the month to 136,089. The monthly loss is 7.14% and the year to date gain is 11.71%. I have pivoted in this account from insurance centric to small cap investing.
Interactive Brokers (Roth): This is down 977 dollars to 9,341. The monthly loss is 9.47%, and the year to date gain is 12.47%. I no longer expect to make a Roth conversion this year as my side gig should produce enough income by year end to qualify me for ACA (Obamacare) subsidy.
HSA: This account is down 273 on the period to 12,969. That is a move of -2.06% on the month and 4.49% gain on the year. I now expect to make a tax advantaged HSA contribution this year.
Checking: Cash is up to 11,654 from 10,532. That is a 10.65% increase from last month and 50.05% gain year to date. Monthly withdrawals from the taxable brokerage are set at 1,800 a month, my new for 2021 target spending.
Crypto: I recently got started with Coinbase and BlockFI. I earned $10 in free bitcoin for depositing and converting to coin $100. I’ve earned an addition coin in CGLD, MKR, EOS, XLM, COMP, FIL, BAND, ALGO, NU and SKL for completing short educational videos at Coinbase. You can do the same at the following affiliate link: https://www.coinbase.com/join/dauzat_2kq If you do so, you will earn $10 in free Bitcoin for depositing at least $100 and I will earn the same bonus. (Much appreciated). I have added about 700 dollars in new money to an ETH/GOVI liquidity pool and another 700 to DEGEN. I think everyone should have a small (not large!) amount of crypto currency as a hedge. This account is up 1,902 on the month to 18,253, a gain of 11.63% and year to date gain of 136.16%.
Total investable assets come to 396,324 down 1.12% from 400,824 last month and up 38,821 year to date or 10.86%.
Don’t forget to see the long term trend at Lizard King’s Transparency Page.
Income tax: I have a 5,382 tax asset. If my side gig goes as expected, I will need to make new contributions as I will be paid via 1099.
I have increased my budget to 1,800 a month. I am going to calculate my withdrawal rate against (21,600) going forward. Against a liquid net worth of 396,324 that is a withdrawal rate of 5.45%. I closed several options trades for a net gain of $6,920 during the month of July and am pacing 159.2% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 10,462 in expected distributions, dividends, and interest for the year or an additional 48.44% of the new budget. Total budget for the year was covered by 207.61%. This should more than cover my spending for the year. Trading performance has been very good year to date.
Spending was 2,702 for the month, which is well above the 1,800 target. I have increased the budget to 1,800 a month withdrawals from taxable starting with the January withdrawal. I had thought I needed to tighten my belt but I made it by just fine.
I picked up 150 dollars from my efforts on the local Water Board. This plus cash swept from taxable brokerage accounts come to $2,076 on the month. I think I can reasonably keep up a $2,000/month pace. I have started a part time work from home side gig as an executive recruiter. No placements/commissions yet but I have a candidate scheduled for final interviews. Maybe August.
Devour your prey raptors!